40 a 3
This query is : Resolved
07 February 2017
salary paid to directors of a company more than rs 20000/-
will be disallowed? or not?
08 February 2017
Any cash paid for any expenditure incurred in cash, if the payment to any person exceed 20000 per day, the same is disallowed u/s 40(A)(3). So, salary upto Rs. 20000 will not disallowed but if it exceed rs. 20,000/- it will be disallowed
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- TDS on property - Form 141 query
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Loss of interest in PF transfer from EPFO to Trust
- Residential status of non resident
- NRI INSURANCE ADVISOR
- Grand in aid
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
